ALL STAR MINERALS PLC                             

                             ("All Star" or "the Company")                         

                                   Quarterly Update                                

    The board of All Star provides its quarterly update.

    Investment Opportunities

    Since the last quarterly update as announced on 2 September 2016, there has
    been continued focus on two opportunities for the Company.

    Whilst at this time there can be no guarantee as to the outcome of these
    opportunities, it provides an indication that the board is proactively looking
    to advance All Star.

    NQ Minerals Plc Stake

    All Star maintains its holding of 5,521,545 shares in NQ Minerals Plc ("NQ").
    The board of All Star notes progress made by NQ in the last quarter and
    continues to be encouraged by the developments.

    On 29 November 2016, NQ announced that it has appointed Daniel Stewart &
    Company Plc as Corporate Broker and Financial Advisor and its intention to move
    to a Standard Listing on the London Stock Exchange.

    The Directors of All Star are responsible for the contents of this
    announcement.

    This announcement contains inside information for the purposes of Article 7 of
    EU Regulation 596/2014.

    ENQUIRIES:

    All Star Minerals Plc
    Tomas Nugent, Chairman
    01473-722768

    NEX Corporate Adviser
    Cairn Financial Advisers LLP
    Liam Murray
    020 7213 0880